Alkem Laboratories Ltd stays supported

Alkem Laboratories Ltd gained for a fifth straight session today. The stock is quoting at Rs 5505, up 0.04% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.37% on the day, quoting at 25332.05. The Sensex is at 82699.04, up 0.39%. Alkem Laboratories Ltd has gained around 2.97% in last one month.

Meanwhile, Nifty Pharma index of which Alkem Laboratories Ltd is a constituent, has gained around 0.58% in last one month and is currently quoting at 22264.55, up 0.03% on the day. The volume in the stock stood at 42733 shares today, compared to the daily average of 1.38 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 5497, down 0.32% on the day. Alkem Laboratories Ltd is down 9.61% in last one year as compared to a 0.18% slide in NIFTY and a 3.28% slide in the Nifty Pharma index.

The PE of the stock is 30.57 based on TTM earnings ending June 25.

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